Welcome!

News Feed Item

Mammoth Announces Results from Ground Geophysics Survey Indicating Numerous Targets at Depth Coincident With Surface Mineralization

TORONTO, ONTARIO -- (Marketwired) -- 01/16/14 -- Mammoth Resources Corp. (TSX VENTURE:MTH) is pleased to report the results of a pole-dipole induced polarization (IP) and magnetic ground geophysics survey at its Tenoriba property located in the state of Chihuahua, Mexico. The magnetic survey has assisted in confirming the presence of east-west, east northeast and locally northwest trending structures (faults) which Mammoth geologists based on their mapping and sampling work has identified as controls for gold-silver mineralization. The IP survey also assisted in identifying these same structures with strike lengths of greater than 100 metres up to as much as 600 metres and in most cases these remain open beyond these lengths. A few of these structures are closely associated to artisanal mine workings (e.g. at El Moreno). These IP axes once more appear to confirm at depth the same features as were identified by company geologists mapping & sampling gold-silver mineralization and alteration controls on surface. Areas of specific interest are identified in Figure 1, Tenoriba Geophysics Survey Results, Zones A, B and C. Additional areas of interest are similarly identified on this figure between and to the north and south of these zones.

Thomas Atkins, President and CEO of Mammoth commented on the results from the geophysics survey stating: "We initiated the geophysics survey on approximately half of the large 15 square kilometre anomalous gold in soil area in which our mapping and sampling produced numerous attractive gold and silver assay values. We're very pleased with these results. The geophysics has illustrated strong correlation at depth with alteration and mineralized features mapped on surface which are prime drill targets. Beyond the specific targets identified in the survey, there is a large 1.2 kilometre long area between the El Moreno and Masuparia grid that has not yet been surveyed, which may be the continuity of features observed at El Moreno and Masuparia. We also have yet to survey the Cerro Colorado area to the west of El Moreno. The next logical step in the development of the property is to drill test targets from this survey. Drilling will validate geophysics as a tool to assist us in identifying mineralized zones, the nature and extent of mineralization at these targets prior to additional geophysics being performed to cover the remainder of the property. We plan to initiate steps to advance this first phase drill program in the coming weeks. As we embark on this drilling it is important to remember that Masuparia Gold Corp. in 2008 drilled blind, targeting only surface features, and yet reported attractive results in 10 of 15 drill holes."

Mr. Atkins, will be attending the Cambridge House Vancouver Resource Investment Conference January 19th - 20th occupying booth no. 1811. Mr. Atkins looks forward to meeting investors and discussing these results at the conference.

Review of Results from the Geophysics Survey

The geophysical surveys were carried out by Geofisica TMC S.A. de C.V. of Mazatlan, Sinaloa, Mexico from October 8 through November 14, 2013. The surveys were performed over three grids, each grid consisting of north-south oriented lines spaced at 100 metre intervals. Line lengths varied from 1.2 kilometres to 2.5 kilometres often depending on topography and ease of access to survey. A total of 32.2 linear kilometres were surveyed. Lectures (reading sites) were taken at every 50 metres along the lines for the IP survey and the magnetic survey was performed by continuous GPS lectures. The IP pole-dipole configuration selected for the survey produces an approximate maximum survey depth of 250 metres. The target areas covered were El Moreno (3 lines), Masuparia grid (7 lines) and Los Carneritos (10 lines) (refer to Figure 1, Tenoriba Geophysics Survey Results).

Mammoth personnel are currently reviewing the interpretation of the survey results performed by Joel Simard (Geofisica TMC's contract geophysicist) and his recommendations. It is expected that targets for drill testing will be selected after this detailed review and a subsequent surface verification. It is worth noting that Masuparia Gold Corp., in 2008 drilled 15 diamond drill holes testing an approximate 1.5 by 1.5 kilometre area in the centre of a 15 square kilometre anomalous gold in soil area. Masuparia reported results from 10 of the 15 holes drilled, with all 10 holes having intersections grading greater than 0.5 grams per tonne (gpt) gold, of which the highest grade intersection was in drill hole TDH-07 grading 45.90 gpt gold over 1.9 metres and of which the thickest intersection was TDH-14 grading 0.5 gpt gold over 66.0 metres (refer to press release available on SEDAR, Masuparia Gold Corp., June 30, 2008).

Magnetic Survey

The 'total field' and 'reduced to poles' magnetic survey interpretations exhibit distinct magnetic domains which are interpreted to be delimited by east northeast and east-west structures (faults). In addition, the first vertical derivative confirmed the presence of east-west, east northeast and locally northwest trending structures, which the company's mapping and sampling has identified as gold-silver mineralized and alteration controls (silica, dickite alteration clay). The strongest anomalies (AM-8, 9, 10 and 11 - refer to Figure 1) are located to the south of Masuparia and Los Carneritos grid and appear related to the contact of the monzonite and diorite intrusives. In the northern part of Los Carneritos the anomalies have wavelengths indicative of a shallow source and clearly mimic the shape of the mapped strata-bound chaotic volcanic breccias which to date are the best host rock for gold-silver mineralization and altered volcanics (vuggy silica, silica, dickite alteration clay) on the property.

IP Survey

Similar to the magnetic survey results, east northeast and northwest and minor northeast IP axes (anomalous chargeability and/or resistivity survey results) can be clearly interpreted. These anomalies range from less than 100 metres up to 600 metres in strike length and in most case remain open along strike. The orientations of these IP axes are consistent with the gold-silver mineralized and altered volcanics (vuggy silica, silica, dickite alteration clay) mapped and sampled by company geologists from surface and in some case could be lithological in origin. A few of the IP axes are closely associated to artisanal mine workings (e.g. El Moreno). These IP axes confirm our surface mapping and sampling where gold and silver values in excess of 0.3 gpt gold have been encountered in highly altered volcanic rocks. The chargeability can be associated to the presence of sulfides and the resistivity to the degree of silica alteration, both of which may be indicative of gold-silver, precious metal mineralization. The strongest chargeability IP axes are located in the southern parts of the Masuparia and Los Carneritos grids most likely reflective of the contact with the monzonite-diorite composition intrusive (one of the possible sources of the gold-silver observed in other areas of the property), observed in this area.

The next step in the development of the property is to drill test targets from this survey. Drilling should help validate observed features from the geophysics survey and assist in validating the geophysics as a tool to assist in identifying mineralized zones as well as demonstrating the precious metal composition of these targets. We plan to initiate steps to advance this drill program in the coming weeks.

Mammoth would like to report the issuance of 279,000 options exercisable at $0.05/share to certain insiders of the company under the terms of the Company's option plan.

Qualified Person / Quality Controls:

Richard Simpson, P.Geo., Vice-President Exploration for Mammoth Resources Corp. is Mammoth's Qualified Person, according to National Instrument 43-101, for the Tenoriba property and is responsible for and has reviewed any technical data mentioned in this news release.

About Mammoth Resources:

Mammoth Resources (TSX VENTURE:MTH) is a mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company has an option to acquire 100% in the Tenoriba Property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. The company continues to seek other option agreements in the Americas on other properties it deems to host above average potential for economic concentrations of precious metals mineralization.

To find out more about Mammoth Resources and to sign up to receive future press releases, please visit the company's website at www.mammothresources.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements; examples include the listing of its shares on a stock exchange and establishing mineral resources. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.

To view "Figure 1. Tenoriba Geophysics Survey Results", please visit the following link: http://media3.marketwire.com/docs/922486.jpg.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
SYS-CON Events announced today that Datanami has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datanami is a communication channel dedicated to providing insight, analysis and up-to-the-minute information about emerging trends and solutions in Big Data. The publication sheds light on all cutting-edge technologies including networking, storage and applications, and the...
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
SYS-CON Events announced today that EnterpriseTech has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. EnterpriseTech is a professional resource for news and intelligence covering the migration of high-end technologies into the enterprise and business-IT industry, with a special focus on high-tech solutions in new product development, workload management, increased effi...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, paneli...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...